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FIDELITY ANNOUNCES CHARTER CHANGE

 FIDELITY ANNOUNCES CHARTER CHANGE
 PITTSBURGH, Nov. 29 /PRNewswire/ -- Fidelity Savings Bank


(NASDAQ-NMS: FSVA) announced that effective today its charter was converted from that of a Pennsylvania-chartered stock savings and loan association to a Pennsylvania-chartered stock savings bank.
 William L. Windisch, president of Fidelity, said that this change to a savings bank charter will increase the services the bank can provide to its customers and will enhance investment opportunities for the bank. As a Pennsylvania-chartered savings bank, Fidelity will continue to be regulated by the Pennsylvania Department of Banking and the Federal Deposit Insurance Corporation, but will no longer be regulated by the Office of Thrift Supervision.
 Fidelity has assets of $258 million and a regulatory net worth to assets ratio of 5.94 percent. Fidelity's stock is traded over-the- counter on the NASDAQ National Market System under the symbol "FSVA."
 Fidelity Savings Bank is a Pennsylvania-chartered, FDIC-insured savings bank conducting business through nine offices in Allegheny and Butler counties.
 -0- 11/29/91
 /CONTACT: William L. Windisch, president and CEO of Fidelity Savings Bank, 412-931-4300/
 (FSVA) CO: Fidelity Savings Bank ST: Pennsylvania IN: FIN SU:


JT -- PG003 -- 8093 11/29/91 14:52 EST
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Publication:PR Newswire
Date:Nov 29, 1991
Words:194
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